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XTZ Price Shot Up 25% In One Week After Tenderbake Testnet Launch

The XTZ price shot up 25% in one week after the recent Tenderbake testnet launch as we read more about it in our latest Tezos news today. Tezos saw notable gains over the past week with the price of its cryptocurrency XTZ, surged around 25%. The surge came amidst the news of the release of the Tenderbake testnet which is a new algorithm that is adapted to handle a large number of validators. The update was introduced in a whitepaper called Tenderbake- A solution to Dynamic Repeated Consensus for Blockchains. As per the official Medium release, the algorithm is a…

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Tezos Presents Crucial Buying Signal To Break All-Time Highs

Tezos presents a crucial buying signal while trying to break the all-time highs for the first time in three months as we can see in today’s tezos price news. Tezos’ downtrend seems to have reached exhaustion after the 50% correction but if history repeats itself, XTZ’s price will double in the next few months. Hitting the $2.8 resistance level into support level will only add more credence to the bullish outlook. Despite the market-wide downturn, technicals show that there’s a huge opportunity to purchase Tezos. The bullish patterns show that XTZ has the potential to hit all-time highs. XTZ/USD on…

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Tezos Defends Major Support Level But Struggles To Gain Momentum

Tezos defends major support level but it is struggling to reestablish momentum as it started witnessing mixed price action over the past few days and weeks. According to our Tezos news today, we can see that the cryptocurrency is caught within what seems to be an extended consolidation phase while forming a wide trading range between $3.20 and $3.50 over the past days. XTZ visited a lower boundary of the range earlier in the day when the price saw a flash crash to the lows. The rebound was harsh and since then XTZ was able to climb to the mid…

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Tezos Breached Key Support, Analysts Look At LINK For Guidance

Tezos breached key support as the price was caught within the downtrend over the past couple of weeks, grinding lower alongside Ethereum and Bitcoin while most other altcoins incurred a parabolic momentum as we are reading further in the Tezos news. Analysts are now noting that the next cryptocurrency trend will depend on Chainlink entirely as many investors have been treating XTZ as a “slower LINK” from a price perspective. It still remains unclear whether these two assets are truly correlated but the traders are trying to play a correlation that could end up in actually manifesting it. one analyst…

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Tezos Flirts With Doom Levels, Trades Above Critical Support Level

Tezos flirts with doom levels are it is now in a precarious situation, trading above the critical trendline which was supporting the price during the mid-term uptrend. In our Tezos price news today, we are reading more about the cryptocurrency analysis. The level was briefly broken earlier today as XTZ faced a huge influx of selling pressure but the buyers have since been able to step up and guard against more near-term losses. One analyst is noting that the horizontal support at the trendline is weak which could indicate that the further downside is imminent before the altcoin is prepared…

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Tezos Integrates Harbinger Price Oracles To Improve DeFi Infrastructure

Tezos integrates Harbinger, the price oracles that aim to improve the DeFi infrastructure by delivering signed price feeds based on real-time market data. The on-chain data will be fed to the Tezos network making it DeFi ready for future applications so let’s read in our tezos price news today. Using the method to Tezos delegated Staking which enables the token holders to delegate their XTZ to a validator or “baker”, Harbinger will enable price oracles to be delegated and prefunded according to the official announcement:  “This enables the development of self-sustaining price oracles, where the rewards for participating in proof…

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XTZ Could Face Increasing Pressure From Yield Farming Incentives

XTZ could face increased pressure from the yield farming incentives despite being the coin that drew massive inflows of investor capital because of the lucrative monthly rewards thanks to its staking mechanism that generates major support among users as we reported in the Tezos price news. Although the stable five percent annual yield could seem attractive, the advent of decentralized finance stole the thunder from the staking tokens. the yield farmers can collect incentives on multiple popular protocols with 100 percent annual yields. One economist believes that XTZ could face increased pressure from yield farmers incentives as the yield farming…

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XTZ May Drop Towards $3.00 As The Selling Pressure Enhances

XTZ may drop towards $3.00 as the price action the past week as favoring the sellers and the buyers were unable to catalyze the strong uptrend while still being unable to protect the asset from today’s market sell-off so let’s read more in the following Tezos news. The drop seen by the cryptocurrency at the start of the day led to the plunge of new lows at $3.60 which marks a huge decline from its multi-day high of $4.40. The sharp decline marked a bearish resolution to a consolidation phase that the cryptocurrency was caught within recently. Where it will…

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Tezos Could See Major Rally As Analysts Confirm Bullish Trends

Tezos could see a major rally of 100% ahead as the analysts are confirming the bullish trends that were preparing in the past could of weeks. The uptrend it incurred this time last week however is starting to stall as we are about to read more in the upcoming Tezos XTZ news. It seems that the resistance laced in the mid $4.00 region and this was quite intense which was stopping the asset from posting further gains as of late. The analysts are noting that the token could be poised to see more upsides in the mid-term but it could…

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Tezos Flirts With New ATH At $5, Increasing By 8% Today

Tezos flirts with a new all-time high at $5 after increasing by 8% today and against Bitcoin, it surpassed 38,000 SAT recording its highest level as we are about to learn more in the Tezos XTZ news. Tezos flirts with a new all-time high by increasing a solid 35% over the week as the coin pushed higher. Then, XTZ reached a $4.26 resistance 3-days ago and it has then broken above there with the 6.8% price hike earlier today. The BTC price plunged from $11K which led Tezos to drop to a new low of $3.60 earlier today. However, along…

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BitFinex Traders Are Longing XTZ More Than Ever As Price Nears $4

BitFinex traders are longing on Tezos in record numbers as the XTZ price nears $4 price level, right after the 12% correction that the altcoin saw the past day. Tezos is now the top-performing cryptocurrency of the week as it increased by 17.9 percent in the past week, 27.68% in a month as we are reading more in the Tezos XTZ news today. Investors are embracing the price action as the data from Bitfinex showing that traders are opening long positions for XTZ in massive numbers. According to the data shared by Josh Olszwicz, there are more XTZ longs open…

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Tezos ATH Above $4.4 While BTC Drops Fails To Hold $12,000 Again

Tezos ATH reaches $4.4 with a 17% increase since yesterday while Bitcoin’s dominance suffers and BTC fails to hold the $12,000 level again so let’s find out more in the upcoming Tezos price news. Bitcoin was not able to conquer the $12,000 and got rejected although most top 10 altcoins are retracing slightly and the rest of the market remained in the green including another all-time high from the top 20 coins. Most of the top 10 coins pulled back including Ethereum, Bitcoin Cash, Bitcoin Sv, Chainlink, and Binance Coin while Ripple is the only coin in the green with…

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Tezos Explodes: Hitting 6-Month High At $3.6 As Daily High

Tezos explodes to a new 6-month high after it hit $3.6 in a day so analyst is expecting the asset ti hit $4 so let’s find out more in the upcoming Tezos price news. After the bigger moves from its top 10 list peers by market cap namely Cardano and chainlink, XTZ finally saw a huge gain of 10% over the past 24-hours of trading as the coin hit $3.6 as the daily high. The cryptocurrency bounced from the major support line of $3.00 earlier this week as it traded against Bitcoin at the 25,800 SAT to reach 30,000 SAT.…

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Tezos Prints Huge Bull Flag As Analysts Await Move Towards $4.00

Tezos prints a huge bull flag as the asset has been seeing some incredibly strong price action over the past few days and weeks. Still, its momentum has shown some signs of slowing down in the past day as it consolidated in the lower -$3.00 as we are reading more in the Tezos price news. The boost from the recent surge provided the market structure with enough strength to be able to lift if higher in the upcoming days ahead. One analyst is pointing to the recent formation of the huge bull flag as the technical factor that can boost…

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XTZ Long Positions Set ATH As Traders Start Flipping Long: Report

The XTZ long positions set an all-time high after it saw some strong price action in recent weeks with the price facing choppy trading over the past few days.  It seems that the cryptocurrency recent price action became decorrelated from Bitcoin and the rest of the market showing striking similarities seen with Chainlink so let’s find out more in the Tezos news. Analysts are now noting that the strong market structure could be enough to propel it higher in the upcoming days and weeks ahead. The traders seem to be taking notice as the XTZ long positions set ATH on…

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XTZ/USD Price Analysis Shows 2% Drop, Testing $3.00 Level

The XTZ/USD price analysis shows a 2 percent drop in only a few minutes and the pair will now be testing the $3.00 price range as we are reading more in the latest Tezos news. The XTZ/USD price analysis shows there was a sharp decline with a slight growth on Thursday and now the coin is testing the critical support created 200-day SMA  at the $3.00 level. Tezos reached an intraday high of $3.23 and retreated to the psychological level of $3.00as the coin lost more than 2% in a matter of minutes but the bullish momentum decreased while approaching…

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Tezos Long-Term Price Analysis Shows Altcoin Making Amazing Returns

The tezos long-term price analysis shows that the altcoin is noting amazing returns with the altcoin surging by 46% in less than two weeks. The market cap stood at $2.6 billion with the crypto being positioned below EOS on the charts as we are reading more in the upcoming Tezos XTZ news. With the altcoin price surging, XTZ’s time arrived and it seems to be preparing for more. The chart attached shows the weekly price action for XTZ and it can be seen that the findings are bullish considering the three higher highs that were forming in the past 2…

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